Accelerating Energy Transition of Legacy Industry: an Application-Scenario-Driven Incubation Model

With two sample cases, this article illustrates an application-scenario-driven incubation model which is a practical way of helping energy transition of legacy industry from the angel of innovation ecology.

The article starts from the energy transition challenges that legacy industries are facing and pointed out that Science and Technology Parks (STPs) and accelerators could be an effective way of solving the problem. Apart from the STPs and accelerators, large enterprise could also support the development of new products, services and solutions with its intensive resources.

An application-scenario-driven incubation model which integrates the advantages of STPs, accelerators and large enterprises, are proved an effective way of driving the growth of the industry. SPIC Future Accelerator and Digital-Dual Decarbonization Accelerators are two typical cases which indicate that releasing application scenarios to startups can provide valuable benefits for both big companies and small businesses and the industrial transformation and upgrading.